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Author Topic: It seems that more people taking crypto trading as full time job  (Read 1024 times)
325btc (OP)
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March 07, 2022, 06:38:46 PM
 #1

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.

Are you full time trader ?
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March 07, 2022, 06:49:57 PM
 #2

Using signals is not great for trading because, the more people that follow them, the more chance they have of becoming pump and dump schemes at least.

I think it's a good side income and I know a lot of people that have gone into trading or asset management type jobs full time, I don't think it's as successful that way though and would be more stressful than something you can just set and leave.

Also futures trading is not a good place to start, you need to work out the kinks in strategies on spot markets to work out the best way to avoid losses (even if you can't make much money in spot, you also can't make high losses).
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March 07, 2022, 06:53:54 PM
 #3

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.

Are you full time trader ?
Its situational actually because not all does have the time and the money to invest on thats why some do decide on making out some spots or swing trades rather than on day trade or scalping.
For future or leverage then it is something risky and not all would really be that gambler like mind and not something newbie could handle with. Making it as a full time job
would really depend on certain individual if they could sustain it for long term then why not?

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March 07, 2022, 06:57:26 PM
Last edit: March 08, 2022, 02:07:07 AM by Oshosondy
 #4

Future trading is one of the most popular ways to make full time income.
Means of making income? It can be means of losing (all your) income too. Newbies can like to go for high leverage like 10x to 100x, 5x leverage is even still high but what do comes to the mind of newbies is to try to use high leverage and thinking they will gain than lose. Newbies do not even trade, they are gambling with market, they will lose and depressed.

You can read this topcic:
What Can Happen If You Want to Trade Cryptocurrencies, but You Don’t Know How?

The best advice you can be given is to use the amount of money you can afford to lose. Make use of low amount of money to trade. Beginners are always losing, it takes time before you will be able to make profit. Some people will trade and make losses than profit even irrespective of how old they are in trading.

Do not see trading as investment or as a means of making income, this can even create a poor mindset in a way you will be setting goals that may not be achieved.

Be patient, if you scalp and day trade and continue to lose, you should know it is high time to swing trades or just hold. Avoid shit coins.

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March 07, 2022, 06:58:32 PM
 #5

I am not a full time trader yet, but I have got to be honest with you. Trading isn't as easy as it may seem to a beginner. I do trade whenever I see an opportunity which has helped have a steady flow of income, though it's not guaranteed that I have to make a profit in every trade. Some of them end up as losses.

1. Trading futures is a no-go area for a beginner. Unless if they have some little money they can afford to lose to play with
2. Avoid trading signals. Most are either scam or pump and dump schemes
3. Trading spot in a bull market is the best thing scenario that can happen to a trader who is a newbie

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March 07, 2022, 07:03:30 PM
 #6


I heared use orders go in with 10x leverage and add order before liq price but first find out how much the coin can rise or fall.
But to short coin they say over 15-20% in current market is all ready a lot people lose their minds when they see green but it all about numbers...ask urself can this coin can go over 20% on current market conditions? Brb not so make the right and logical estimations

It's a bad idea to start releveraging your positions. Put your liquidation price far enough away so it's a price you don't expect to be hit (or has a chance greater than 1 in your leverage time 2 - eg to set something at 10x leverage there should be at least a 1 in 20 chance you get liquidated).

It's not fully about whether something will go somewhere though it's how likely it will and won't if you're going to try to trade that way and how likely it is you'll end up longing a top or shorting a bottom (this is generally where tecgnicla analysis/support v resistance is handy).
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March 07, 2022, 08:47:25 PM
 #7

Future trading is one of the most popular ways to make full time income.
It's also the fastest way to lose money. Especially for the newbies that have been hooked into it through words and not by experience, they're going to lose a lot of money because they don't know how it works and how quick money is being made and being lost with it.

Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.
That's not enough for futures, even you get the best trading signals. Being known and familiar to futures trading is what makes someone make money from it and not depending on others.

Are you full time trader ?
I am not.

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March 07, 2022, 08:47:55 PM
 #8

If trading becomes more effective for them then why not trade full time?
We are all want to have a good source of income where there is enough money for us to support our family and even if the cryptomarket and trading is risky, someone will always take that risk with a hope of winning on this market. I’m not a full time trader but I’m still making money, its just that you have to work harder to analyze the whole situation of the market, trading is not an easy job at all.
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March 07, 2022, 09:52:35 PM
 #9

Low paying job forces people to look for other source of income, and trading crypto can be a good source as well but it requires a lot of work and this is not an easy money.

If living pay check to pay check, I’d rather not to quit my stable job even if it pay low and better for me to have other source of money. Beside, being a full time trader doesn’t mean big money, you still have to be good in trading before you make money. So I choose to be a part time trader, while doing my work daily and so far its effective for me.

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March 07, 2022, 10:40:25 PM
 #10

Low paying job forces people to look for other source of income, and trading crypto can be a good source as well but it requires a lot of work and this is not an easy money.

If living pay check to pay check, I’d rather not to quit my stable job even if it pay low and better for me to have other source of money. Beside, being a full time trader doesn’t mean big money, you still have to be good in trading before you make money. So I choose to be a part time trader, while doing my work daily and so far its effective for me.
This is true!

This is the main reason on why people been looking for alternative jobs because their main source of income isnt really just right nor ample on their current living which it is just normal for people to seek for another
chances for them to earn more.

Majority are making trading as a side job rather than on making it full time.It isnt necessary to be a full time trader though but if you are earning big which is sufficient on your needs then
why not on making it as a main source?
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March 07, 2022, 11:09:49 PM
 #11

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
At the time when people stayed at home during the covid-19 crisis, they are looking for an online job. Looking for an opportunity online like trading can be their choice, especially for those who can afford to lose their money, and are willing to learn about this. Yes, you can see a lot of people turning to full-time traders, and this shows that trading is profitable but risky which it makes others quit as well.

Quote
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.

Are you full time trader ?
As you can see online advertisements, you can see a lot of trading promotions, and one reason why it becomes more popular at this time. It is a thing that happens that people are sourcing out to earn more, and not just reliant on their job alone. Mostly they consider this as a part-time job, and this is what I do by now.
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March 07, 2022, 11:17:29 PM
 #12

Trading isn't a job for me and this is also isn't a stable source of income, it might be you will win now and have a big loss in the future.  Nobody knows how much you can get profit if you meant trading is good for living.  I rather not quit my job even it has a low paycheck, it serves as a source of your capital once you have your salary monthly.  You can still do trading even you didn't have full-time on it, and there's scalping trading that consumes less time and also less risk than the full-time trader.

People think that trading is very easy to make money, but in fact, it wasn't.
Trading is those people who can afford to lose money and in the first place, if your way of living is trading, that's a very crucial part of your life.

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March 07, 2022, 11:32:19 PM
 #13

Trading is a good way to make a living, but everyone can't be successful out of it. Rather than depending on market signal providers, we should know how to predict. Another thing big capital is a required one, only then it is possible to make a living without getting into big risks. Trading has got risks, and to overcome the same we need proper learning.

Never consider trading as a way of getting rich, some might get lucky to make big profit as a gamble. This won't happen with every user.

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March 07, 2022, 11:41:55 PM
 #14


Are you full time trader ?
Not yet. I only do a trade if I have enough time to focus on the computer but most of the time when I was OFF on my job.

I would say that trading can be a good source of income if you are also good at this and before deciding to become a full-time trader please see to it that you are fully prepared. You can see it based on your gaining performance coz that will tell you if you are ready enough coz if you are new at this, I advise not to think about FULL-TIME. Knowledge and Experience are very important to know if we are capable enough to do full-time otherwise, part-time trading may suit us.
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March 07, 2022, 11:42:07 PM
 #15

During these days, it's really difficult to live if you have just one source of income especially if that one source of income is not that high producing income, especially with the high inflation in different countries started, it is really must to add multiple sources of income.

That's why cryptocurrency investing or trading is starting to become popular with other people because first, it's easy to access, you really don't need some verification to start trading, just create some exchange account and do some basic KYC and you are all good.

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March 08, 2022, 01:20:00 AM
 #16

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
If you dont know how to trade good use good signals for spot and futures trading right now many people become traders.
First, very few traders can earn net-profit. They can earn short term, temporary profit which will be eaten by loses later. In general, eventually they have net-lose.

Second, trading is not for all and future or leverage trading is for less people. If anyone say leverage or future trading is a way for everyone to get rich quickly, ignore them. In basics, it is similar to trading but happens at faster rate. Get rich more quickly temporarily and get poorer then bankrupted more quickly.

I imply that with trading, most of us get net-loses but with future or leverage trading, most of us will end with bankruptcy.

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March 08, 2022, 01:56:31 AM
 #17

There are different kinds of traders that are thinking applicable to almost everyone like
  • Individual Traders
  • Institutional Traders
  • Algorithm Traders
  • Advisors

If I were to choose it, I'm an algorithm trader that lets a program trade for me, and I know that I will only select a good bot like Gunbot. So technically, I'm a full-time trader while just letting a program trade for me.


Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.
Maybe you are talking about advisors? They provide signals and sharing of ideas towards their selected asset or something.

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March 08, 2022, 04:45:22 AM
 #18

For now, people who have lost their jobs in the real world are trying to find work opportunities online. And along with the development of crypto which has become more widespread, these people see crypto trading as a way to earn income. Many of them use the shorthand way of subscribing to the trading signals provided by others in the hope that they can make a profit.

If they never learn about trading and only rely on trading signals from others, that doesn't necessarily give them a chance to profit. I am not a full-time trader, maybe you could say I am a part-time trader because I don't have much time to analyze market movements. But I don't use trading signals because I have bad experience with trading signals.

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March 08, 2022, 05:02:58 AM
 #19

I don’t think so that it’s just 100% sure. I mean we don’t have proper source for this. The worlds stock and share market traders are still the leaders in the world and that can not be replaced by any other trading market and not crypto can overtake it by number of traders. In fact crypto holders are not even close to that of stock traders around globe.

The data can not be verified for the crypto traders. Plus there is also observation that people start moving out of trading as soon as they find out about its volatility and how it’s damaging the profits. So without source nothing can be confirmed here.
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March 08, 2022, 06:34:57 AM
 #20

2. Avoid trading signals. Most are either scam or pump and dump schemes
Unfortunately, most newbies don't want to hear that. They want it on the quick side, forgetting that even those who provide signals aren't 100% certain of what they predict will happen. They shouldn't think that seeking signals is a shortcut to becoming successful at trading. They ought to know that it's better to learn the technicals of trading and get accustomed to the basics than rely on another person to present it to them.

Trading should be treated as a profession that deserves learning and not as a Get Rich Quick Scheme.

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